Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Sep 29, 2014 - Thu, Oct 9, 2014
Powerhouse Fitness IPO is a fixed price issue of ₹7.20 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹7.20 crore.
Powerhouse Fitness IPO bidding started from Sep 29, 2014 and ended on Oct 9, 2014. The shares got listed on BSE SME on Oct 21, 2014.
Powerhouse Fitness IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Artha Vrddhi Securities Ltd..
Refer to Powerhouse Fitness IPO RHP for detailed Information.
IPO Open
Mon, Sep 29, 2014
IPO Close
Thu, Oct 9, 2014
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹20.70 Cr
| IPO Date | 29 Sep to 9 Oct, 2014 |
| Listed on | Tue, Oct 21, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,28,000 shares Artha Vrddhi Securities Ltd. (agg. up to ₹0.3840 Cr) |
| Fresh Issue (Ex Market Maker) | 22,72,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 22,72,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 69,00,000 shares |
| BSE Script Code | 538731 |
| ISIN | INE982Q01017 |
Powerhouse Fitness IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,72,000 shares, after excluding 1,28,000 shares allotted on a firm basis. Of the Net offer 11,36,000 (50.00%) allocated to NII 11,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,36,000 | 50.00% | 47.33% |
| Retail Shares Offered | 11,36,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,28,000 | 5.33% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Powerhouse Fitness and Realty Ltd (PFRL) is a fitness chain operating in Mumbai and also have the presence in Surat and Jaipur through franchise. PFRL operates Gyms under the brand “Powerhouse Gyms” which is owned by Powerhouse Gyms International headquartered in Detroit, USA.
Its Gyms are state of the art facilities with services including gyms, steam, aerobics and diet counseling amongst others. The first gym was established in May 1999, as “Q’s Fitness Studio” a proprietary firm as its sole proprietor at Santacruz West, Mumbai. After the success of the Santacruz centre another centre was set up at Vile Parle, Mumbai in October 2004. “Q’s Fitness Studio” has signed a Master Licensing Agreement dated March 21, 2005 with Powerhouse Licensing LLC, which provides PFRL with the exclusive right to set up and operate Powerhouse Gyms and to use and license of the Powerhouse Gyms and the associated trademarks in the gyms in India, Nepal, Bangladesh and Sri Lanka set up and run Powerhouse gyms in India, Sri Lanka, Nepal, Bangladesh and Maldives. The first Powerhouse fitness centre in India was set up in November 2005 at at Juhu (Mumbai). The centres at Santacruz and Vile Parle were converted to Powerhouse.
Currently, PFRL 12 Powerhouse Gyms in Mumbai located at Juhu, Vile Parle, Chembur, Ghatkopar, Mulund(W), Chowpatty, Prabhadevi, Andheri(E), 4 Bunglows, Malad (W), Mumbai Central and Colaba. It also operates 13 fitness centres in Mumbai and three franchisees in Santacruz (Mumbai), Surat and Jaipur. The company has also entered into a leave and license agreement for the opening of Gym in Thakur Complex, Kandivali (East) and interior work has commenced. As on date PFRL has approximately 9000 members in all our gyms including our franchisees.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Six additional Gyms in Western and Eastern Suburbs in Mumbai | 6.37 |
| 2 | General Corporate Purposes | 0.33 |
| KPI | |
|---|---|
| RoNW | 1.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 65.22% |
| Market Cap | ₹20.70 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.39 |
| 2 | Printing & Stationery, Postage Expenses and Marketing & Advertisement Expenses | 0.06 |
| 3 | Regulatory fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.00 |
| Low | ₹29.00 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Lead Manager Reports
Powerhouse Fitness IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 29, 2014, and closes on Thu, Oct 9, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Powerhouse Fitness IPO using UPI as a payment gateway. Zerodha customers can apply in Powerhouse Fitness IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Powerhouse Fitness IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Powerhouse Fitness IPO opens on Mon, Sep 29, 2014 and closes on Thu, Oct 9, 2014.
Powerhouse Fitness IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Powerhouse Fitness IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Powerhouse Fitness IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Powerhouse Fitness IPO allotment status.
The Powerhouse Fitness IPO listing date is on Tue, Oct 21, 2014.
